Buying Highlands NC Real Estate, Cash Offer Can Be Attractive
When it comes to buying Highlands NC real estate a cash offer can be attractive. While the bottom line may not be different for the seller the timing and contingencies can be. When a cash buyer comes to the table a seller may consider the offer a more serious one. While this may not always be true it does typically let a seller know that the money is available and ready to place down on a Highlands NC home for sale.
The positive side of a cash offer is that a home sale can close more quickly. The loan contingency adds time a transaction because of the time it takes to process a loan. A cash buyer can close on a home after the contingencies are met. Once the home inspection is complete, for example, a home could close. As a result, a seller sees a cash transaction as an easier deal.
Another positive of a cash deal is that the costs can be lower. Simply eliminating the loan origination fees and appraisal costs can save money. In addition the added cost of interest over time is eliminated form a purchase, potentially saving a buyer hundreds of thousands of dollars.
Learn more about Highlands NC real estate
Contact me, Lynn Kimball, today to learn more about buying real estate in Highlands NC. I welcome the opportunity to get you up to speed on the market while getting you started on your property search. Let knowledge and experience serve as your guide to the local market and buying Highlands NC real estate.